Articles by Rebecca Torres
BOJ's Rate Hike Fails to Boost Yen as Split Vote Dampens Outlook
The Bank of Japan raised its policy rate to 1.25% as expected, but the yen weakened 1.2% after a split vote and no signal of faster tightening, while the Nikkei advanced 1.4%.
Aramco Cuts October Crude for European Refiners; Brent Slides
Saudi Aramco reportedly told two European refiners they will receive no October crude after a pipeline attack. Brent fell 4.9% to $99.71, reflecting market skepticism.
Trucker Strike Rumors Debunked as Diesel Prices Hit Record $6.285
No verified nationwide trucker strike is scheduled for Oct. 1, despite social media claims. Diesel prices hit a record $6.285, but J.B. Hunt (JBHT) shares showed no panic.
Hecla Rides Silver Surge to $18.96; Keno Hill Still a Cost Wildcard
Hecla Mining (HL) climbed 5.4% to $18.96 as silver futures surged 2.22% to $65.72. Keno Hill remains outside AISC, tempering the bullish outlook.
Ontario Gas Price Drop Forecast for Friday, But Relief May Be Short-Lived
En-Pro forecasts a 9-cent drop in Ontario gas prices Friday, but futures point to a potential rebound. Suncor (SU) and Imperial Oil (IMO) shares show little movement.
US Beef Import Quota Opens 300K Tons; JBS Not Sole Beneficiary
The US opens a 300,000-ton lean beef import quota, not exclusive to JBS. Ground beef prices hit $6.923/lb, up 9.6% YoY. Tyson cuts beef outlook.
Dollar Surges as Fed Signals Additional 2026 Rate Hike
EUR/USD fell below 1.15 after the Fed raised rates and hinted at another hike, boosting the dollar. The pair traded near 1.1474, down 1.2%.
Australian Fuel Wholesale Costs Surge as Diesel Outpaces Petrol
Australia's wholesale fuel costs accelerated, with diesel up 16.2 cents to 267.0 cents a litre in four days. Brent crude at $107 drives pressure, with supply cushion easing concerns.
Gold Rebounds Above $4,300 After Fed Shock, Yet Futures Lag
Gold rebounded above $4,300 in Asian trading Thursday, but futures still lag the prior settlement after the Fed's rate hike. COMEX gold fell 1.26% to $4,332.40.
AUD/USD Slips Below 0.71 as Fed Rate Hike Narrows Yield Gap
The Australian dollar dropped below 0.71 USD after the Fed's rate hike narrowed the yield advantage, with the RBA's next move now key.
Silver Rally Fades as Fed Signals Further Rate Hikes
Silver's pre-Fed rally vanished as the Fed's rate projections pointed to another hike, pushing COMEX silver down 4.1% from its high.
Brent Dips Below $106 as Fuel Stockpiles Rise
Brent crude slipped below $106 a barrel as US inventory data revealed larger-than-expected builds in gasoline and distillates, offsetting a smaller-than-anticipated crude draw.